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Category: Business
Nigeria launches N250bn Real Investment Fund
…as FG to engage Bloomberg to rebrand Nigeria The Nigerian government has launched a N250 billion Ministry of Finance Incorporated (MOFI) Real Estate Investment Fund…
Nigerian govt transfers regulatory oversight of electricity to Lagos
The Nigerian government has transferred regulatory oversight of the electricity market to the Lagos State Electricity Regulatory Commission (LASERC). The Nigerian Electricity Regulatory Commission (NERC),…
Yuletide: Dangote refinery slashes petrol price to N899.50
Dangote Refinery has announced a reduction in the price of Premium Motor Spirit to N899.50 per litre, in a bid to offer Nigerians some relief…
Naira scarcity: CBN fixes N100,000 as limit for PoS withdrawal
The Central Bank of Nigeria (CBN) has directed Nigerian banks to set N100,000 per day as a withdrawal limit for customers on point-of-sale terminals nationwide…
Govt officials, contractors to fly only Nigerian airlines – Keyamo
The Minister of Aviation and Aerospace Development, Festus Keyamo, says the Fly Nigeria Act will transform into law under his watch. The minister lamented that…
FG approves N263bn for power substations
The Federal Executive Council on Monday approved N262.75bn (€161.33) for the first Phase of the Presidential Power Initiative, otherwise known as the Siemens Project. The…
Kwara recorded lowest inflation rate, says NBS report
The National Bureau of Statistics (NBS) has declared Kwara as the state with the lowest Food Inflation rate in Nigeria on Year-on-Year basis in November…
FAAC shares N1.827trn revenue with federal, state, local governments in November
The revenue shared among the federal, state, and local governments in November 2024, as accrued from the Federation Accounts Allocation Committee, FAAC, increased by N490…
Cash scarcity: CBN gives update on validity of old N1000, 500, N200 Naira notes
The Central Bank of Nigeria (CBN) has reiterated that the old N1000, N500, and N200 denominations remain valid and legal tender nationwide. The spokesperson of…
NNPC reduces fuel price to N1,020 in Abuja/Niger, N1,000 in Kwara/Ondo/Osun/Edo and N980 in Lagos/Ogun
The Nigerian National Petroleum Company Limited (NNPCL), has reduced the price of Premium Motor Spirit (Petrol) across its retail outlets in the Federal Capital Territory,…